EDWARDS – — The West End property in Edwards has a new owner, but the land’s future use is still an question.
WHI Real Estate Partners, a private equity company based in Chicago, bought the property in December from the lender, which had repossessed the land.
The property in Edwards, just west of the Kemp and Co. lot along U.S. Highway 6 just west of the stoplight, was once envisioned as the community’s latest retail and residential center.
A county-approved plan for the property included 85,000 square feet of retail and office space — including restaurants and a brewery — as well as 185 condos, 72 of which were to be reserved for housing with appreciation caps so the units would remain relatively affordable. A presale of those units had some local residents camping out to put down deposits.
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